Seaport Global Securities initiated coverage on shares of Ply Gem Holdings Inc (NYSE:PGEM) in a research report report published on Thursday. The brokerage issued a neutral rating on the stock.
A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Ply Gem Holdings from a hold rating to a sell rating in a report on Wednesday, March 15th. Zelman & Associates raised shares of Ply Gem Holdings from a hold rating to a buy rating in a report on Tuesday, March 14th. Royal Bank of Canada raised their price target on shares of Ply Gem Holdings from $19.00 to $21.00 and gave the stock an outperform rating in a report on Monday, March 13th. TheStreet raised shares of Ply Gem Holdings from a c+ rating to a b- rating in a report on Wednesday, February 1st. Finally, Stephens lowered shares of Ply Gem Holdings from an overweight rating to an equal weight rating in a report on Friday, January 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $18.10.
Shares of Ply Gem Holdings (NYSE:PGEM) opened at 19.00 on Thursday. The company has a market capitalization of $1.30 billion, a P/E ratio of 17.27 and a beta of 2.56. The stock’s 50 day moving average is $17.87 and its 200 day moving average is $15.66. Ply Gem Holdings has a 52-week low of $12.50 and a 52-week high of $20.00.
Ply Gem Holdings (NYSE:PGEM) last released its earnings results on Friday, March 10th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Ply Gem Holdings had a net margin of 4.14% and a negative return on equity of 147.73%. The business had revenue of $462.30 million for the quarter, compared to the consensus estimate of $441.81 million. During the same period in the prior year, the business posted $0.14 EPS. Ply Gem Holdings’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts expect that Ply Gem Holdings will post $1.25 EPS for the current year.
Several large investors have recently bought and sold shares of PGEM. Wells Fargo & Company MN boosted its stake in Ply Gem Holdings by 4.8% in the third quarter. Wells Fargo & Company MN now owns 8,588 shares of the company’s stock valued at $115,000 after buying an additional 393 shares in the last quarter. Advisory Services Network LLC bought a new stake in Ply Gem Holdings during the third quarter valued at approximately $134,000. Neuberger Berman Group LLC bought a new stake in Ply Gem Holdings during the third quarter valued at approximately $150,000. Campbell & CO Investment Adviser LLC boosted its stake in Ply Gem Holdings by 9.6% in the third quarter. Campbell & CO Investment Adviser LLC now owns 15,645 shares of the company’s stock valued at $209,000 after buying an additional 1,364 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its stake in Ply Gem Holdings by 24.6% in the third quarter. Acrospire Investment Management LLC now owns 16,225 shares of the company’s stock valued at $217,000 after buying an additional 3,200 shares in the last quarter. 29.65% of the stock is owned by hedge funds and other institutional investors.
About Ply Gem Holdings
Ply Gem Holdings, Inc is a manufacturer of exterior building products in North America. The Company operates through two segments: Siding, Fencing, and Stone, and Windows and Doors. In the Siding, Fencing, and Stone segment, the Company’s principal products include vinyl skirting, vinyl and aluminum soffit, aluminum trim coil, cellular PVC moldings, J-channels, wide crown molding, window and door trim, F-channels, H-molds, fascia, undersill trims, outside/inside corner posts, rain removal systems, injection molded designer accents, such as shakes, shingles, scallops, shutters, vents and mounts, vinyl fence, vinyl railing and stone veneer in the United States and Canada.